Zydus receives final approval from the USFDA for Ivabradine Tablets, 5 mg and 7.5 mg

Zydus Lifesciences Limited (including its subsidiaries/affiliates, hereafter referred to as "Zydus") has received final approval from the United States Food and Drug Administration (USFDA) for Ivabradine Tablets, 5 mg and 7.5 mg (USRLD: Corlanor® Tablets, 5 mg and 7.5 mg).

Ivabradine is indicated to reduce the risk of hospitalization for worsening heart failure in adult patients with stable, symptomatic chronic heart failure with reduced left ventricular ejection fraction. It is also used in children aged 6 months and older for the treatment of stable symptomatic heart failure due to cardiomyopathy. The drug will be manufactured at the group's formulation manufacturing facility at Ahmedabad SEZ, India.

Zydus was one of the first ANDA applicants to submit a substantially complete ANDA with a paragraph IV certification for Ivabradine Tablets, 5 mg and 7.5 mg and therefore may be eligible for 180 days of shared generic exclusivity for Ivabradine Tablets, 5 mg and 7.5 mg.

Ivabradine Tablets, 5 mg and 7.5 mg had annual sales of USD 136.5 mn in the United States (IQVIA MAT October,2023).

The group now has 382 approvals and has so far filed over 448* ANDAs since the commencement of the filing process in FY 2003-04.

Shares of Zydus Lifesciences Limited was last trading in BSE at Rs. 639.20 as compared to the previous close of Rs. 637.85. The total number of shares traded during the day was 125244 in over 3166 trades.

The stock hit an intraday high of Rs. 648.70 and intraday low of 637.20. The net turnover during the day was Rs. 80286232.00.

(*as of 30th September 2023)

Source : Equity Bulls

Keywords

ZydusLifesciences INE010B01027 FinalApproval USFDA IvabradineTablets